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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Sep. 30, 2018
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 2,549,347 $ 2,368,914
Construction work in progress 219,570 192,481
Nonutility plant and equipment, at cost 784,763 697,406
Construction work in progress 64,000 45,690
Total property, plant and equipment 3,617,680 3,304,491
Accumulated depreciation and amortization, utility plant (568,996) (530,753)
Accumulated depreciation and amortization, nonutility plant and equipment (147,248) (122,689)
Property, plant and equipment, net 2,901,436 2,651,049
CURRENT ASSETS    
Cash and cash equivalents 26,297 1,458
Customer accounts receivable    
Billed 174,670 205,490
Unbilled revenues 7,413 7,199
Allowance for doubtful accounts (6,347) (5,704)
Regulatory assets 32,920 18,297
Gas in storage, at average cost 132,635 184,633
Materials and supplies, at average cost 14,075 13,910
Prepaid and accrued taxes 24,533 23,047
Derivatives, at fair value 28,337 27,396
Restricted broker margin accounts 44,827 53,719
Assets held for sale 0 206,905
Other 30,611 33,730
Total current assets 509,971 770,080
NONCURRENT ASSETS    
Investments in equity method investees 197,660 190,866
Regulatory assets 388,769 368,592
Derivatives, at fair value 14,476 10,560
Investments in equity securities 0 32,917
Intangible assets, net 15,261 23,375
Other noncurrent assets 95,839 96,225
Total noncurrent assets 712,005 722,535
Total assets 4,123,412 4,143,664
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding June 30, 2019 — 89,917,854; September 30, 2018 — 88,292,956 226,627 226,196
Premium on common stock 290,414 274,748
Accumulated other comprehensive loss, net of tax (15,212) (12,610)
Treasury stock at cost and other; shares June 30, 2019 — 732,777; September 30, 2018 — 2,185,013 (15,628) (76,473)
Retained earnings 1,085,996 1,007,117
Common stock equity 1,572,197 1,418,978
Long-term debt 1,211,811 1,180,619
Total capitalization 2,784,008 2,599,597
CURRENT LIABILITIES    
Current maturities of long-term debt 124,592 123,545
Short-term debt 99,300 151,950
Gas purchases payable 145,243 211,303
Gas purchases payable to related parties 1,150 1,150
Accounts payable and other 96,873 135,240
Dividends payable 26,301 25,824
Accrued taxes 13,164 1,568
Regulatory liabilities 0 8,185
New Jersey Clean Energy Program 15,252 14,052
Derivatives, at fair value 40,677 46,652
Liabilities held for sale 0 4,182
Customers' credit balances and deposits 19,493 27,325
Total current liabilities 582,045 750,976
NONCURRENT LIABILITIES    
Deferred income taxes 219,319 242,436
Deferred investment tax credits 3,734 3,976
Deferred gain 1,751 9,104
Derivatives, at fair value 24,923 22,982
Manufactured gas plant remediation 125,566 130,800
Postemployment employee benefit liability 141,187 137,007
Regulatory liabilities 203,660 209,139
Asset retirement obligation 30,149 28,688
Other 7,070 8,959
Total noncurrent liabilities 757,359 793,091
Commitments and contingent liabilities (Note 12)
Total capitalization and liabilities $ 4,123,412 $ 4,143,664